Can a director or officer be held personally liable for oppressive conduct?
Ontario, Canada
The following excerpt is from Zeifmans LLP v. Mitec Technologies Inc., 2019 ONSC 3643 (CanLII):
Before personal liability will be imposed on directors or officers, two requirements must be satisfied: - The directors or officers are implicated in the oppressive conduct; - The imposition of personal liability must be a “fit” remedy in all the circumstances: Wilson v. Alharayeri, at para. 31. Are the Directors Implicated in the Oppressive Conduct?
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